765 employees reported this benefit
Lockheed Martin provides a 401(k) Savings Plan.
LM matches fifty cents on the dollar up to eight percent of pay
401k plan is excellent.
LMC contributes 6% automatically, then matches voluntary employee contributions at 50% up to 8% of the employee contribution. So contributing 8% of the your salary will result in a 10% contribution from LMC.
10% company match is way higher than national average.
Company has pretty good matching
The 401K is really easy to understand and the company contribution and match are very generous. The company provides many resources to help us plan for our future.
Up to 10% company match on 401k. Ability to choose/split contributions between traditional 401k and Roth 401k.
This is good, great match
4% free, plus matching at a rate variable with job and location. Heavy in LM stock, which performs well.
I don't remember a whole lot about the 401K plan, but at the time, it seemed like a good plan.